Financial Performance - The company's revenue for Q3 2021 was ¥163,043,118.01, representing a year-on-year increase of 10.93%[3] - The net profit attributable to shareholders for Q3 2021 was ¥4,268,965.67, a decrease of 71.53% compared to the same period last year[3] - The net profit after deducting non-recurring gains and losses for Q3 2021 was ¥4,227,645.91, down 68.62% year-on-year[3] - Total operating revenue for Q3 2021 reached ¥498,367,233.16, an increase of 19.93% compared to ¥415,429,604.38 in Q3 2020[23] - Net profit for Q3 2021 was ¥34,700,868.53, a decrease of 5.06% from ¥36,553,834.03 in Q3 2020[24] - The total comprehensive income for the period was CNY 34,700,868.53, compared to CNY 36,553,834.03 in the previous period, reflecting a decrease of approximately 5.1%[25] - Basic and diluted earnings per share were both CNY 0.42, down from CNY 0.46 in the previous period, indicating a decline of about 8.7%[25] Cash Flow - The operating cash flow for the year-to-date period was -¥5,923,882.11, a decline of 117.03% compared to the previous year[3] - The net cash flow from operating activities for the first nine months of 2021 was -5,923,882.11 RMB, a decrease of 117.03% compared to 34,787,184.07 RMB in the same period of 2020, primarily due to increased cash payments for labor costs and reduced cash collections[10] - The net cash flow from financing activities increased significantly to 152,646,642.78 RMB, a change of 4,079.56% from -3,835,766.10 RMB in the previous year, mainly due to funds raised from the initial public offering[10] - The cash inflows from operating activities totaled CNY 472,280,252.38, a decrease of 7.4% from CNY 510,451,751.26 in the prior period[28] - The net cash flow from financing activities was CNY 152,646,642.78, compared to a negative CNY -3,835,766.10 in the previous period, showing a strong improvement[29] Assets and Liabilities - The total assets at the end of Q3 2021 were ¥822,802,193.52, an increase of 30.42% from the end of the previous year[3] - The total assets of the company reached ¥822,802,193.52, compared to ¥630,865,395.41 at the end of 2020, reflecting a growth of 30.38%[21] - The total liabilities increased slightly to ¥229,284,973.85 from ¥224,142,109.04, a growth of 2.54%[21] - Current liabilities reached CNY 202,712,223.44, while total liabilities were CNY 224,142,109.04[33] Shareholder Information - The total number of common shareholders at the end of the reporting period was 22,036, with no preferred shareholders having restored voting rights[12] - The largest shareholder, Wu Shoukang, holds 34.47% of the shares, amounting to 36,776,232 shares, all of which are subject to lock-up until August 11, 2024[14] - The company’s stock was officially listed on the Shenzhen Stock Exchange on August 11, 2021, following approval from the China Securities Regulatory Commission[17] Expenses - Research and development expenses for the year-to-date period were ¥33,955,068.62, a rise of 53.39% due to increased investment in R&D[9] - The company reported a significant increase in sales expenses, which rose by 32.81% to ¥27,007,298.74, attributed to higher sales personnel compensation[9] - Research and development expenses for Q3 2021 were ¥33,955,068.62, an increase of 53.54% compared to ¥22,136,396.20 in Q3 2020[24] - The company paid CNY 134,109,069.02 to employees, which is an increase from CNY 107,910,205.56 in the previous period, indicating rising labor costs[28] Inventory and Receivables - Accounts receivable rose to ¥214,402,156.37, up from ¥176,995,071.42, indicating a growth of 21.06%[20] - Inventory levels increased significantly to ¥69,636,408.56 from ¥36,606,193.10, marking an increase of 90.41%[20] Other Information - The company has not disclosed any new product developments or market expansion strategies in the current report[18] - There are no indications of mergers or acquisitions in the current reporting period[18] - The company has not audited the third-quarter report[35] - The company adopted the new leasing standards starting January 1, 2021, affecting retained earnings and related financial statement items[34]

Financial Performance - The company reported a significant increase in revenue for the first half of 2021, with total revenue reaching RMB 500 million, representing a 25% growth compared to the same period in 2020[14]. - The company achieved operating revenue of ¥335,324,115.15, representing a 24.91% increase compared to the same period last year[20]. - Net profit attributable to shareholders reached ¥30,869,705.61, marking a 41.13% growth year-over-year[20]. - The company reported a total revenue of 1.05 billion CNY for the first half of 2021, reflecting a year-on-year increase of 15%[113]. - The company reported a net profit margin of 12% for the first half of 2021, an increase from 10% in the same period last year[113]. - The company reported a total operating revenue for the first half of 2021 of CNY 335,324,115.15, an increase of 24.9% compared to CNY 268,457,707.60 in the first half of 2020[186]. - The net profit for the first half of 2021 reached CNY 30.64 million, representing a growth of 42.73% from CNY 21.45 million in the first half of 2020[188]. Research and Development - The company plans to invest RMB 100 million in R&D for new product development in the next fiscal year, focusing on high-density interconnection (HDI) technology[14]. - The company’s R&D investment increased by 56.38% to ¥21,699,481.39 from ¥13,875,941.82, reflecting a significant commitment to innovation[67]. - The company has invested 50 million CNY in R&D for new technologies aimed at improving wastewater treatment efficiency[113]. - The company’s research and development expenses for the first half of 2021 were CNY 21,699,481.39, up 56.5% from CNY 13,875,941.82 in the same period last year[186]. Market Expansion and Strategy - Future outlook includes a projected revenue growth of 20% for the second half of 2021, driven by increased demand in the electronics sector[14]. - Market expansion strategies include entering Southeast Asian markets, with a target of establishing local partnerships by Q4 2021[14]. - The company is focusing on enhancing its digital transformation capabilities through the integration of smart design and manufacturing systems[37]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2022[114]. - A strategic acquisition of a local competitor is anticipated to enhance the company's service capabilities and increase market penetration by 15%[115]. Operational Efficiency - The company has established a flexible manufacturing system to accommodate multi-variety and small-batch production, ensuring timely delivery of orders[43]. - The company has implemented measures to address raw material shortages and price increases, ensuring stable production and delivery[33]. - The overall operational efficiency has improved, with a reported decrease in production downtime by 15%[118]. - The company aims to enhance its operational efficiency by implementing new digital solutions, aiming for a 20% reduction in operational costs by 2022[115]. Environmental Compliance and Sustainability - The company emphasizes its commitment to sustainability and social responsibility, with initiatives aimed at reducing carbon emissions by 10% by 2023[14]. - The company has successfully met the water pollution discharge standards set by the local environmental regulations[106]. - The company reported a clean production center that processed 40,497 tons of wastewater, meeting the discharge standards for various pollutants[108]. - The company is focused on maintaining clean production processes to minimize environmental impact[107]. - The company is committed to continuous monitoring and improvement of its environmental performance metrics[112]. Risk Management - Risk factors identified include supply chain disruptions and fluctuations in raw material prices, with mitigation strategies outlined in the report[4]. - The company faces risks from raw material price fluctuations, with key materials like copper and gold experiencing rapid price increases during the reporting period, impacting production stability and profitability[91]. - To mitigate macroeconomic risks, the company will enhance service diversification and strengthen supply chain management to reduce dependency on specific industries or clients[90]. - The company has established a credit strategy and management policies to control accounts receivable risks, including tracking customer credit ratings and adjusting credit limits[93]. User Growth and Engagement - User data showed an increase in active users by 15%, reaching 1.2 million active users by the end of June 2021[14]. - User data indicated an increase in active users by 20% compared to the previous year, reaching 2 million active users[114]. - In the first half of 2021, the company expanded its customer base by acquiring 330 new clients, contributing to order growth[50]. Financial Position - Total assets at the end of the reporting period were ¥676,516,567.58, a 7.24% increase from the end of the previous year[20]. - The company reported a net asset attributable to shareholders of ¥434,869,112.03, up 7.64% from the previous year[20]. - Cash and cash equivalents decreased by 4.99% to ¥132,626,910.02, accounting for 19.60% of total assets, down from 24.59%[73]. - Accounts receivable increased by 4.67% to ¥221,445,388.77, representing 32.73% of total assets, up from 28.06%[73].